Transfer of shares to IEPF Authority required by rule, via demat corporate action with prescribed formats and procedures. Companies must transfer shares falling within the seven year dormancy completion window to the IEPF special demat account opened with NSDL by way of corporate action, providing shareholder information to NSDL in prescribed formats. NSDL will publish file formats and operational procedures to facilitate transfers and recordkeeping. NSDL will charge companies a per record transaction fee at transfer and annual custody/maintenance fees on a slab basis, which are additional to depository corporate action fees.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transfer of shares to IEPF Authority required by rule, via demat corporate action with prescribed formats and procedures.
Companies must transfer shares falling within the seven year dormancy completion window to the IEPF special demat account opened with NSDL by way of corporate action, providing shareholder information to NSDL in prescribed formats. NSDL will publish file formats and operational procedures to facilitate transfers and recordkeeping. NSDL will charge companies a per record transaction fee at transfer and annual custody/maintenance fees on a slab basis, which are additional to depository corporate action fees.
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